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- Hyperliquid is unlocking $316M worth of HYPE tokens, potentially affecting the market price.
- Analysts are divided on whether the unlock will lead to a price dip or rebound.
- Ongoing token unlocks over the next 24 months could lead to an overhang of HYPE supply.
Hyperliquid’s upcoming token unlock is making waves in the crypto world as $316 million worth of HYPE is set to be released ahead of the highly anticipated November 29th date. With the community bracing for impact, many are speculating about the possible effects on the token’s price and overall market sentiment. Here’s a deep dive into what this unlock could mean for investors and the future of HYPE.
The Upcoming HYPE Unlock: What You Need to Know
On November 29th, a substantial portion of Hyperliquid’s token supply will be unlocked. Specifically, around 10 million HYPE, or 3.6% of the circulating supply, will become available to the market. This event is significant because it marks one of the largest unlocks to date for the project, which has experienced both success and periods of uncertainty. In previous instances, HYPE’s volatility has stirred FUD (Fear, Uncertainty, and Doubt), making this upcoming unlock all the more critical to watch.
As the market anticipates this release, some players have already begun to unstake their HYPE tokens, with reports indicating that $316 million worth of tokens are ready to hit the market. This has led to discussions about whether the increased supply will drag the token’s value down, especially considering that HYPE is already trading at $31.4, significantly lower than its all-time high of $59.4 earlier this year.
HYPE Market Sentiment: Mixed Signals and Potential Rebound
Despite the looming unlock, market sentiment remains divided. While some crypto analysts predict a price dip, others are more optimistic. Notably, the $28 price level has become a critical support zone for HYPE, with options data showing that large funds expect the token to hold above this threshold. This could signal a potential rebound if the token price maintains support in this area.
Moreover, recent data from CoinGlass suggests that more HYPE tokens are being removed from exchanges, signaling a shift towards self-custody. This could be interpreted as a bullish sign, suggesting that long-term investors are holding onto their assets rather than liquidating them in anticipation of the unlock.
What’s Next for HYPE?
With future monthly unlocks planned for the next 24 months, the HYPE market will continue to experience significant supply fluctuations. Some analysts, including Arthur Hayes, caution that the ongoing unlocks could lead to an overhang of more than $400 million worth of HYPE tokens, which may negatively impact the token’s value if not managed carefully.
Despite these concerns, other experts, such as Teng Yang, suggest that the impact of the unlock may not be as severe as some fear. They speculate that the team may sell the tokens gradually through over-the-counter (OTC) transactions, reducing the immediate market impact and allowing for a more controlled release.
HYPE is a token I watch closely, so some quick thoughts.
— Teng Yan · Chain of Thought AI (@tengyanAI) November 22, 2025
the question I ask is: how much of the unlock selling has been frontrun these past 3 days?
2 variables:
A. $$ that team will actually be selling (~$300M of unlocks on 29 Nov, then monthly)
B. $$ from people who sold but… https://t.co/UXJbmbsrGE
As Hyperliquid prepares for one of the largest token unlocks in its history, the market is watching closely. While there are concerns about a potential price dip, the overall sentiment remains mixed, with some analysts predicting a modest market response. For investors, the key takeaway is to stay informed and be prepared for possible volatility as the unlock approaches.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Hyperliquid (HYPE) Price Breakout: Bullish Metrics Signal a Potential Surge Toward $50
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
